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Oklahoma nonresident - passive real estate losses
I have a K-1 for Oklahoma with passive real estate losses. My source income for Oklahoma is a loss (negative). How do I know that this loss will be carried forward in turbotax for future Oklahoma tax completions? I'm assuming I don't enter it in the secant of "Net Operating Loss" because the loss is passive and not an actively managed business loss. Is this correct? There is also a "Passthrough Entity" declaration section on turbotax. Is this necessary to complete in order for the passive loss to be carried forward?
‎April 7, 2023
7:29 AM